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have not been able to calculate 11, 12 and 15. eBook Calculator Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc.

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eBook Calculator Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 62 on December 31, 2072. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 2011 Retained earnings, January 1 Net income $ 3,572,800 851,200 $ 4,424,000 $ 3,012,600 617,000 Total $ 3,629,600 Dividends $ 13,300 43,500 $ 56,800 $ 13,300 43,500 On preferred stock On common stock Total dividends Retained earnings, December 31 $ 56,800 $ 3.572,800 $ 4,367,200 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Previous Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Sales $ 4,597,175 $ 4,235,660 Cost of goods sold 1,708,200 1,571,540 Gross profit $ 2,888,975 $ 2,664,120 $ 1,169,460 Selling expenses Administrative expenses Total operating expenses $ 916,080 780,365 686,820 1,696,445 1,856,280 Income from operations $ 1,192,530 $ 807,840 Other income 62.770 51/560 $ 859,400 Other expense interest $ 1.255.300 288,000 159,400 Income before income tax 1971.000 $ 701000 Income tax expense 126 100 64.000 Net Income SS300 000 Marshall Inc. Comparative Balance Sheet Comparative Balance Sheet December 31, 20Y2 and 2041 Dec. 31, 2012 Assets Dec. 31, 2011 Current assets Cash $ 817,420 $ 965,850 Marketable securities Accounts receivable (net) 1,237,180 1,600,560 810,300 Inventories 861,400 642,400 496,400 Prepaid expenses 154,656 193,170 Total current assets $ 3,713,056 $ 4,066,280

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